What to expect in 20191. Sanction ready on Christina Lake phase H with Narrows Lake tie-back option included
2. Foster Creek Phase H will not be sanctioned this year but possibly in later 2020
3. Announcement on rail transport improvements including new diluent recovery unit to improve rail margins by $2-$4 per bbl
4. Nothing new from Deep Basin, no new drilling or asset sales
5. Small dividend increase to improve dividend yield to just above 2% from 1.5% currently
6. Share repurchases will not happen in the near term
7. Nothing new on partial upgrading or solvents
I suspect most of these points will be announced during the Investor Day in October or when 2020 guidance comes out in December.